Section 50951 Of Chapter 2. Purposes And General Provisions From California Health And Safety Code >> Division 31. >> Part 3. >> Chapter 2.
50951
. In meeting the housing needs of persons and families of low
or moderate income, not less than 30 percent of the units financed by
mortgage loans or property improvement loans pursuant to this part
shall be available to, or occupied by, very low income households at
affordable rents, unless it is not possible to obtain subsidies
necessary to meet such requirement. No development loan,
rehabilitation loan, or construction loan shall be made pursuant to
this part if the agency determines that its ability to utilize
currently available subsidies to meet the requirements of this
section would be jeopardized thereby.